U.S. Stock Futures Trend Lower as Investors Track Updates on Iran War, Assess CPI Data

U.S. stock futures traded lower on Wednesday morning as investors assessed updates on the Iran conflict and rising oil prices. Meanwhile, the February consumer price index (CPI) rose 2.4% year-over-year and 0.3% compared to the previous month, in line with expectations. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.12%, 0.16%, and 0.30%, respectively, at 8:46 a.m. EST on March 11.

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During Tuesday’s regular trading, the three major indexes closed mixed amid the U.S.-Iran conflict. The S&P 500 and the Dow Jones fell 0.21% and 0.07%, respectively, while the Nasdaq Composite edged up slightly.

Meanwhile, West Texas Intermediate (WTI) crude rose 4.6% to $87.22 per barrel, while Brent crude was up 4.3% to $91.63 per barrel on Wednesday, at the time of writing.

Turning to trending stocks, Oracle ORCL -1.43% ▼ shares rose 10% in Wednesday’s pre-market trading after the cloud infrastructure company reported impressive fiscal third-quarter results and raised its Fiscal 2027 revenue guidance. Also, Nike NKE -0.80% ▼ stock rose 2% after Barclays upgraded the athletic footwear and apparel retailer to Buy, citing a better risk/reward profile amid operational improvements. Furthermore, Nebius NBIS +1.57% ▲ stock rallied 10% after the AI infrastructure company announced a $2 billion investment by chip giant Nvidia NVDA +1.16% ▲ .

In contrast, AeroVironment AVAV -2.52% ▼ stock fell 10% after the defense tech company announced dismal third-quarter results.

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